How to Buy Litecoin LTC Guide

how to buy litecoin

It is free on eToro, and can vary on Coinbase depending on the bank. A conversion fee may be charged for deposits in other currencies than the account-denominated currency. Ideal payment methods should support GBP natively and while not all platforms allow deposits in GBP, these are the methods you can easily use to buy Litecoin in the UK. Paying with cryptocurrency is an option if you already have some digital assets in your portfolio and want to buy Litecoin without increasing your overall exposure to crypto. Exchanges vary widely in the crypto trading pairs they offer, but many do offer trades, including Litecoin and other assets.

how to buy litecoin

Paying with a Coinbase balance or debit/credit card is instant. If you plan to make additional purchases in the future, you can also choose to deposit then store funds in your Coinbase account to make instant transactions in the future. Bank accounts tend to take one to three business days to process. Cryptex24 allows investors to pay for Litecoin in cash over the counter at a money transfer service.

Payment Methods

Ever since Litecoin was created back in 2011, it was considered Bitcoin’s popular younger brother. In this guide I will review the various ways you can buy Litecoin online and offline, as well as how to store it.

  • The only other direct option to buy Litecoin with PayPal is through Coinbase, but once again, this is only available to US users.
  • Investors can make a cash deposit at a bank or just pay cash for a Flexepin voucher that is prepaid.
  • Ever since Litecoin was created back in 2011, it was considered Bitcoin’s popular younger brother.
  • Litecoin (LTC) is a cryptoasset that currently ranks as the 20th largest by market cap (that’s the total value of Litecoin in circulation – $5.2 billion).
  • If you want to receive notifications when the LTC price reaches specified levels, you can use the CEX.IO mobile app.

However, this is a much slower process than using an online platform, and the fees can be exorbitant. Our guide focuses on eToro as it is our overall best place to buy Litecoin in the UK. However, these steps can be applied to other crypto exchanges in this guide.

Buy Litecoin Through a Bank Transfer

Bitstamp allows you to buy Litecoins using a credit/debit card, ACH for US users or SEPA for European customers. Alternatively you can exchange Bitcoins for Litecoins on the exchange. Most of the popular crypto exchanges have built-in digital wallets where you can store your Litecoin and other crypto purchases. Some folks prefer to store how to buy litecoin their crypto in a separate digital wallet that’s not linked to the internet to help keep their crypto safe from hackers. CFDs have existed for a long time, and now this financial derivatives trading has recently found its way into the crypto market. You can trade Litecoin as a CFD product with several brokers who support digital assets.

You should consider whether you can afford to take the high risk of losing your money. You can buy Litecoin directly through Litecoin-specific wallets, such as Litewallet, a mobile app available through Google Play. Don’t invest unless you’re prepared to lose all the money you invest. Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market. But you need to do your own research and take experts’ opinions on how the bear market will end, what the expectations are regarding the prices of crypto, etc.

Buy Litecoin with a Debit or Credit Card

As with other exchanges, you must first make an account on Litecoinlocal.net, after which you can look for sellers. Litecoin (LTC), since its origination in 2011, is one of the most popular cryptocurrencies out there. Currently, Litecoin (LTC) ranks 10th in terms of market cap ($3.3bn) at this writing time. Due to its popularity, it’s good to mention how an investor can buy Litecoin in the United Kingdom and why Litecoin can be an excellent investment opportunity. Once an investor decides on an exchange for buying Litecoin and has credited their account with fiat currency, they’re ready to make their first Litecoin purchase.

  • Coinbase Pro has advanced charting functions, allowing users to make crypto-to-crypto transactions and place market, limit, and stop orders.
  • The investing information provided on this page is for educational purposes only.
  • Bitstamp allows you to buy Litecoins using a credit/debit card, ACH for US users or SEPA for European customers.
  • If you have Bitcoin or ETH, for instance, you can sell it for LTC using an exchange like Binance.
  • You can buy directly with GBP, so there’s no need to complicate the process with currency conversions or buying stablecoins.
  • Asktraders is a free website that is supported by our advertising partners.
  • Over the years, he’s written editorial and marketing pieces for many of the world’s leading financial newsletters and publications.

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. U.S. customers have access to dozens of cryptocurrencies, including Litecoin, and can purchase crypto with U.S.

How to buy Litecoin with a debit card in your local currency?

The best means of buying Litecoin with US dollars is through an exchange or a broker. To make an instant purchase, you will need to open an account with a regulated broker. Once you complete the registration process, you will buy Litecoin in seconds.

how to buy litecoin

Buying Litecoin CFD will enable you to profit from the price movements of Litecoin without holding the underlying asset. Borrowing from Bitcoin’s hard-cap limit of 21 million coins supply, Litecoin also has a hard-cap limit. The development team behind the project says that only 84 million LTCs will ever be mined, and so far, 79% are in circulation. Digital assets with a https://www.tokenexus.com/gbyte/ hard-capped limit are known to retain their value over time. Before Bitcoin and digital currencies advent, investors bought gold bars, stocks, and exchange-traded funds (ETFs) to preserve their wealth and hedge against inflation. AvaTrade also offers users access to various forex trading tools such as advanced order types, technical indicators, and chart drawing tools.

Payment methods to buy Litecoin

For that, you first need to select the primary currency for the transaction from the list of supported fiat currencies on CEX.IO. There are three supported fiat currencies at the moment — the U.S. Litecoin (LTC) is a cryptocurrency that was designed to provide fast and low-cost transactions without the need for intermediaries. Litecoin is known as one of the first altcoins in the crypto market. As Litecoin becomes more and more popular, the number of cryptocurrency exchanges that sell Litecoin is constantly increasing.